Yes man i gotta give you respect for this post. The reason being is because it would be much easier for you to give pie in the sky predictions and get more upvotes and candy preach to the community about these projects hitting thousands and tens of thousands of dollars..

As these platforms introduce alot of new unsuspecting people to crypto who are trying to get educated and trusting people i have very little respect for on here like @edicted. @taskmaster4450 @themarkymark

The reason i take issue with these guys is because i feel they know better and willfully push these type narratives mainly because they hold bags in these projects and so they don't care about the lack of education and ignorance to people who don't know any better. i'm not sure if @onealfa knows any better but in any event he's a moron.

So you could take the easy road go for the easy upvotes...go down with the hive ecosystem and line your pockets and get out before it hits rock bottom. you don't do that. you tell it how it is.. that these are really just baloney projects for the most part and bitcoin is king and it's many reasons for that.

However let's get into your post a bit. You say here

I mean isn't that the point of digital assets to hold some sort of value, and shouldn't the altcoins be trying to outpace bitcoin, if not what is the reason for their existence?

Yes the reason you need altcoins is similar to why people choose to fork. they see some limitation in bitcoin and the goals are pretty much the same idea.. With the exception of what i call complements. i would consider bitcoin myk more like a compliment or overlay.. What's the differences? The differences are if you're taking about alternatives to move bitcoin without dilution...lightning networks etc., swaps and or what we do which issues you tokens based on bitcoin balances and use of bitcoin etc.,.. without sellng your bitcoin.

The other altcoins are failures because they do dilute in my theory bitcoin chipping away at it but in doing so they further centralize it and they even moreso centralize the wealth which generally leads to economic instability in cryptocurrency world.

I can't prove that theory but i'm pretty confident about it because similar to even what we see here on leofinance. My theory is that leofinance and many of these other projects in the hive ecosystem do more to weaken hive than improve it's value. As to say the value is displaced in that i don't really believe they create significant growth and bring in new value. I think it's more likely the value that's been trickling down from the hive/steem cryptoccurency has slowly over the years dwindlend you gotta remember there was a time when hive/steem had billions of dollars in marketcap value. So what happened to that money? Well it's been slowly drained from the system.

So it's so much historical data which like a genius you touched on that they either don't see or refuse to see. There is so much supportive data to support that hive/steem has collapsed in value year after year. In fact when i came in in 2017 day 1 the price was at about $2.20... and i know some would say but wait a minute that was steem not hive and we couldn't do this or that. That's not really how cryptocurrencies work though. They work through community and the value of this community are all on hive for the most part. So i don't really buy the impact in value etc., had to do with changing chains. It's really like they never did that.

So the next part in the comparison of bitcoin and i believe this is the most important part.. So think about this a moment.. So bitcoin is deflationary.. it's got well over 100 million wallets.. the 21 million coins and well branded for us like a keystone or concrete suriving the test of time and every market downturn and event in human history for well over a decade now.

So it's legacy is good. In comparsion to something like hive and this ecosystem of leo and cub and what not... These projects are anything but that.. They are first of all carrying a severe amount of inflation that the holders on top enjoy so the price can fall down to obllivion and it doesn't matter to them as much htey can issue more of the tokens through their influence and control it..it's a measure of abuse or just a really bad put together system that at one time seemed promising but my theory is its on a highway to hell and has been for a long time. It's just a slower death because the power down system doesn't allow the people to dump it.. otherwise they would have several times already, lol.

So that safety net helps but it doesn't stop the inevitable. So the inflation is way too high.. Then you have the no direction as to what it needs to be.. They feel that hive can naturally evolve into something great and my view is the exact opposite. Bitcoin knows exactly what it is and so do the holders.. yes to a great degree it failed as a currency but it's got down being a store of value pretty darn good and being good at something means you don't have to necessarily worry about being good at anything else.

Hive isn't really good at anything. It's confused about if it should be like ethereum.. Should it be a gaming site.. but the projects that do the best all know what they are built to be.. No coin in the top 10 is really confused about that.

HIve is and that's why hive is where it is.. Now the one thing it should be it's not.. if you can do fast and free transactions or nearly free that means maybe thats what you need to dominate.. To go well anytime i send something there is no cryptocurrency being taken from my wallet to pay these miners directly. maybe that's the scoop to exploit and promote. they don't do that.. they don't know what to do.. developers don't know what to build

so let me stop right there. bitcoin myk takes every bitcoin holder and goes you buy more bitcoin you get more bitcoin myk. don't buy us.. why? because if a person understands how a currency works they'd know a currency has no more value at $1 than it has at $1 million. So that means if every bitcoin holder held bitcoin myk free and that encouraged new people to hold it.. then that would mean maybe when millions if not bilions of people had a crypto wallet that they'd think it's a good idea to move around value on that network. no matter the amount it could be small free transactions because remember currencies aren't about making money they are about use and liquidity.. so in relaity the price wouldn't need to go up and the incentive to use it would be the value of the network itself. I've never seen a million or billion plus person network with a value of zero yet.. however incentive would exist in bitcoin myk to hold the currency.

so thats different than selling bitcoin for an altcoin and people who understand how currencies really are suppose to work knows it doesn't work based on number go up.. if it is then why would i wanna sell it? i lose money selling it.. So it needs to store value then but if i'm going to store value i'd do that on the most secure network.. Would you put your money in the worse bank? no you wouldn't lol.

So good job i'll send you some bbd and btcmyk and i'd say this in closing.. more people bought bitcoin myk at a price of .000025 not that they had to.. it works without buying it.. it's a currency..it's not an unregistered penny stock unregistered security. lol.. that's number one so we don't worry about price but just to speak to your example.. Most people bought it at .000025.. it's now at .0002

and bbd coin was mostly bought at $1.. i think the last price was at about $29 and that was in a short term period.. so the reason this happens is because both are quite deflationary whereas i don't believe the hive ecosystem has ever worked well in relation to what allows price increases for investors to win.. bitcoin myk is more about receiving dividends in a meritocratis and decentralized manner. as to limit the exploitation of centralization of wealth, geography, development, mining and exchanges.